The government on late Thursday increased windfall profit tax on diesel export to Rs 7 per litre from Rs 5 per litre earlier. Besides, the government again imposed Rs 2 per litre tax on export of aviation turbine fuel after scrapping it earlier this month.
The new changes will come into effect from August 19.
The Central Board of Excise and Customs (CBIC), in its notification, has however reduced the windfall tax on domestically produced crude oil to Rs 13,000 a tonne from Rs 17,750 a tonne earlier, a move that will come as a relief for producers like ONGC and Vedanta Ltd.
This is the third round of the revision of the newly-introduced windfall tax. However, the levy on export of petrol remains nil.
